NuStar Energy L.P. (NS) Shares Bought by West Family Investments Inc.
West Family Investments Inc. raised its holdings in NuStar Energy L.P. (NYSE:NS) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,406 shares of the pipeline company’s stock after acquiring an additional 14,000 shares during the quarter. West Family Investments Inc. owned about 0.11% of NuStar Energy worth $2,387,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in NuStar Energy during the 4th quarter valued at $2,209,000. Deutsche Bank AG increased its position in NuStar Energy by 435.2% during the fourth quarter. Deutsche Bank AG now owns 80,514 shares of the pipeline company’s stock worth $2,411,000 after buying an additional 65,470 shares during the last quarter. Wells Fargo & Company MN increased its position in NuStar Energy by 400.9% during the first quarter. Wells Fargo & Company MN now owns 785,143 shares of the pipeline company’s stock worth $16,009,000 after buying an additional 628,384 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in NuStar Energy during the first quarter valued at about $367,000. Finally, Rockefeller Capital Management L.P. bought a new stake in NuStar Energy during the first quarter valued at about $384,000. 46.52% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on NS shares. Barclays increased their target price on shares of NuStar Energy from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 8th. ValuEngine lowered shares of NuStar Energy from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Stifel Nicolaus raised their price objective on shares of NuStar Energy from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of NuStar Energy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 24th. Finally, Citigroup lifted their price target on shares of NuStar Energy from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.00.
Shares of NS stock traded up $0.56 during midday trading on Friday, hitting $27.81. 855,846 shares of the company were exchanged, compared to its average volume of 422,539. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 43.45 and a beta of 1.68. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.61 and a current ratio of 0.70. NuStar Energy L.P. has a 52 week low of $19.22 and a 52 week high of $41.78.
NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). The business had revenue of $486.20 million during the quarter, compared to the consensus estimate of $479.32 million. NuStar Energy had a net margin of 11.83% and a return on equity of 11.32%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. sell-side analysts forecast that NuStar Energy L.P. will post 1.91 EPS for the current year.
About NuStar Energy
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.
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